Assessment – Global Supply Chain Management and Logistics – 550 words
Companies around the world continue to be affected by the outbreak of COVID-19 (novel coronavirus), still battling to shift from individual company performance to the extended organisational supply chain activities that meet stakeholder requirements, including product availability, on-time delivery, and all the necessary inventory and capacity in the supply chain to deliver that performance in a responsive manner. Millions are displaced regionally and globally due to cautionary guidelines and travel restrictions. Global routes of all forms of transportation are temporarily disrupted for both businesses and everyday commuters
A pandemic outbreak of this magnitude has caught companies and whole industries off guard, with a shockwave of ripple effects tearing through their Supply Chain Performance and company boundaries since it includes basic materials, components, subassemblies and finished products, and distribution through various channels to the end customer. This also crosses traditional functional organization lines such as procurement, manufacturing, distribution, marketing & sales, and research & development. To win in the ‘new-normal’ environment, supply chains need continuous improvement and measurement of global Supply Chain Performance.
There are a number of supply chain performance metrics that are expressly designed to support and monitor Supply Chain Performance improvements across the supply chain but, some supply chain management professionals think that they should only consider cost reduction when measuring their organisation’s supply chain’s effectiveness, efficiency and adaptiveness planning for this sudden disruption. Supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profits. Therefore, it is the only metric that companies should consider in measuring the performance of their supply chains and others should be ignored.
Provide a short report (550 words), which evaluates whether cost reduction should be the only supply chain performance metric for CONSTRUCTION COMPANY in DUBAI.
A good report should evidence excellent academic (theoretical) and practical application, a solid evaluation and reasonable analysis, showing evidence of:
• how your chosen organisation measures the performance of their supply chains
(both upstream and downstream) and why.
• Identifying critical success factors / key performance indicators (performance metrics)
• Benchmarking supply chain performance of successful supply chains
• Suggestions improvement measures
Mentioned below Learning Objectives must be met:
- Critically analyse the management of resource within the global supply chain
- Critically evaluate the need to either outsource or in-source elements of the supply chain, from a global, national or local perspective
- Critically evaluate backward and forward growth in the supply chain, and how to manage supply chain risk
- Undertake comprehensive and critical research of both academic and organisational materials, showing a suitable breadth and depth of sources in the development of reasoned conclusions